Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 09/12/20

National bank of Ukraine’s official rates as of 09/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 09

Official rates of banking metals from national bank as of December 09

Source: Central Bank

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UKRAINE PLANS TO CHANGE TRADITIONAL POPULATION CENSUS FOR ONE BASED ON REGISTERS IN TEN YEARS

Minister of the Cabinet of Ministers of Ukraine Oleh Nemchinov announced intention to create a working group that will develop a draft document for Ukraine’s transition from a traditional population census to a census based on registers in 2030.
“Today, along with the State Statistics Service of Ukraine and the United Nations Population Fund, we signed a joint statement on the creation of a working group that will work on the development of a comprehensive draft document for Ukraine’s transition from a traditional population census to a census based on registers in the 2030 round of population and housing censuses,” Nemchinov wrote on the Telegram channel.
According to him, the creation of a working group with the involvement of international experts is an important stage in preparation for a high-quality census in registers, recognition of its results by Ukraine’s international partners, digital transformation and a modern culture of data use. The minister believes that the transition to the population census using registers contains numerous advantages and opportunities, in particular, a decrease in financial costs, a reduction in the timing of the census, a decrease in the time for obtaining the results of the population census, a decrease in the burden on respondents, the ability to conduct a census more often than once every ten years.

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EC DISBURSES EUR 600 MLN AID TO UKRAINE

The European Commission, on behalf of the European Union, has disbursed EUR 600 million to Ukraine under its coronavirus (COVID-19) related macro-financial assistance (MFA) programme.
The European Commission’s press service said this on Wednesday.
Commenting on the payout, European Commission Executive Vice President Valdis Dombrovskis said: “Ukraine remains high on the European agenda. It is our neighbourhood country and it belongs to Europe. We are committed to offering political, financial and technical support, especially during this time of crisis as a response to COVID-19 pandemic and overcome the social and economic consequences,” the press service said, citing Dombrovskis.
He also said that this EUR 600 million first tranche of emergency macro-financial assistance “confirms the EU’s solidarity with Ukraine and our continued close cooperation.” “I offer my best wishes to Ukraine’s government for 2021 in carrying through its reform agenda, to improve living standard, continue fighting against corruption and bring Ukraine closer to the EU,” the EC Vice President said.
The European Commission said that this disbursement will contribute to macro-financial stability in Ukraine, “while allowing it to allocate resources towards mitigating the severe negative socio-economic consequences of the coronavirus pandemic.”
As reported, a Memorandum of Understanding was signed between the Ukrainian government and the EC in the summer, followed by its ratification in the middle of September, as well as after Ukraine’s resumption of participation in continuing cooperation under the IMF program in recent weeks.

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UKRAINE UKRAINE SOWS WINTER CROPS ON 98% OF AREAS

Ukrainian agricultural producers as of December 7 had sowed main winter crops on an area of 8.06 million hectares (98% of the forecast of 8.2 million hectares), while 79,300 hectares were sown in a week.
According to a report on the website of the Ministry for Development of Economy, Trade and Agriculture, in particular the area under wheat was 6.1 million hectares (100% of the forecast), barley – 954,700 hectares (101%), rye – 125,200 hectares (94%), and rapeseeds – 881,100 hectares (87%).
According to the State Statistics Service, the area sown with winter crops for the harvest in 2020 amounted to 8.9 million hectares, which is 0.2% more than the area for the harvest in 2019.
Winter wheat was sown on 6.4 million hectares (0.6% less than for the 2019 harvest), winter barley – one million hectares (3.9% more), rye – 135,000 hectares (16.7% more) and rapeseeds – 1.3 million hectares (0.3% more).

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MORE THAN 20 UKRAINIAN COMPANIES JOIN EUROPEAN CLEAN HYDROGEN ALLIANCE

More than 20 Ukrainian companies have entered the European Clean Hydrogen Alliance, Deputy Energy Minister for European Integration Yaroslav Demchenkov said.
“More than 20 Ukrainian companies have already joined the European Clean Hydrogen Alliance and, accordingly, the Green Hydrogen Initiative for the European Green Deal 2×40 GW of new hydrogen production capacities,” he said during the First German-Ukrainian Energy Day on Tuesday.
“Considering that the creation of 10 GW of new capacities for the production of ‘green’ hydrogen has been allocated to Ukraine, this imposes certain obligations on us,” Demchenkov noted.
According to him, already in January Ukraine will be ready to present an assessment of the potential for the development of the domestic hydrogen market, including its use in transport, as well as an assessment of the impact of this direction on the environment.
At the same time, the Deputy Minister pointed out that already now there is a portfolio of ten real projects for the development of “green” hydrogen, which can be implemented, including with German partners with the support of European financial institutions.
“We are interested in joint projects with German business,” Demchenkov stressed.
In turn, Pavlo Stanchak, Deputy Director General for Development and Transformation of Gas Transmission System Operator of Ukraine LLC (GTSOU) said that, having created a decarbonization group, GTSOU is actively exploring the possibilities of the gas transmission system for the transfer of hydrogen and mixtures with it, and is also preparing for a pilot project that will show these possibilities.
According to him, GTSOU has a significant stock of maneuverable capacities for pumping gas, which is several times higher than the needs, and they could be used to transport “green” hydrogen and mixtures.

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